LTC Properties Acquires Two Communities In Its Seniors Housing Operating Portfolio For $95M

LTC Properties, Inc. has acquired two communities for $95 million, enhancing its seniors housing operating portfolio. This acquisition brings LTC's year-to-date SHOP acquisitions to over $830 million, which is more than 90% of its $900 million acquisition guidance for the year. The company anticipates reaching the mid-point of its acquisition guidance by year-end, with SHOP expected to constitute nearly 50% of its annualized net operating income.